Daiwa Securities Group Inc. Has $3.20 Million Stake in Equifax, Inc. (EFX)
Daiwa Securities Group Inc. raised its position in Equifax, Inc. (NYSE:EFX) by 13.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,256 shares of the credit services provider’s stock after buying an additional 2,720 shares during the period. Daiwa Securities Group Inc.’s holdings in Equifax were worth $3,196,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in EFX. Macquarie Group Ltd. raised its position in shares of Equifax by 58.2% in the fourth quarter. Macquarie Group Ltd. now owns 65,232 shares of the credit services provider’s stock worth $7,712,000 after buying an additional 24,011 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Equifax by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 104,416 shares of the credit services provider’s stock worth $14,278,000 after buying an additional 3,020 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of Equifax by 5.9% in the first quarter. Raymond James Trust N.A. now owns 2,477 shares of the credit services provider’s stock worth $339,000 after buying an additional 139 shares during the last quarter. Creative Planning raised its position in shares of Equifax by 18.9% in the first quarter. Creative Planning now owns 7,135 shares of the credit services provider’s stock worth $976,000 after buying an additional 1,133 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of Equifax by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 36,985 shares of the credit services provider’s stock worth $5,057,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.
Shares of Equifax, Inc. (EFX) opened at 145.47 on Tuesday. Equifax, Inc. has a one year low of $110.87 and a one year high of $147.02. The stock’s 50 day moving average is $140.92 and its 200-day moving average is $134.52. The company has a market cap of $17.51 billion, a P/E ratio of 30.81 and a beta of 0.91.
Equifax (NYSE:EFX) last issued its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.57 by $0.03. The company had revenue of $856.70 million during the quarter, compared to analysts’ expectations of $860.48 million. Equifax had a net margin of 17.44% and a return on equity of 24.88%. Equifax’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.43 earnings per share. Equities research analysts forecast that Equifax, Inc. will post $6.08 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $1.56 annualized dividend and a yield of 1.07%. Equifax’s dividend payout ratio is currently 33.05%.
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A number of research analysts have issued reports on EFX shares. Stephens lowered shares of Equifax from an “overweight” rating to an “equal weight” rating in a research report on Friday, April 28th. Argus started coverage on shares of Equifax in a research report on Tuesday, June 13th. They set a “buy” rating and a $166.00 target price on the stock. BidaskClub upgraded shares of Equifax from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research lowered shares of Equifax from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Morgan Stanley restated an “equal weight” rating and set a $144.00 target price (up previously from $142.00) on shares of Equifax in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $145.45.
In related news, CFO John W. Gamble, Jr. sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $136.44, for a total transaction of $1,910,160.00. Following the completion of the transaction, the chief financial officer now owns 48,578 shares of the company’s stock, valued at $6,627,982.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO John W. Gamble, Jr. sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total transaction of $946,400.00. Following the transaction, the chief financial officer now directly owns 42,078 shares of the company’s stock, valued at approximately $6,126,556.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,219 shares of company stock valued at $3,691,098. 1.29% of the stock is owned by corporate insiders.
Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.
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